Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Ban on purchase of Bulgarian citizenship planned

Photo: library

The caretaker government proposes to ban acquisition of Bulgarian citizenship in exchange for investments. This is planned in the draft amendment to the Bulgarian Citizenship Act. The amendment would abolish Art. 12a and 14a for receiving a passport after investing 500,000 euros in government securities or in a licensed credit institution under a trust management agreement. The members of the investor's family also acquire Bulgarian citizenship by naturalization. Since the creation of the regulations in 2013, after the acquisition of citizenship money has been usually withdrawn by investors.

The European Commission denounced this scheme and threatened Bulgaria with sanctions. Changes to the law are expected to be approved by the new parliament.




Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

85% of witnesses of street harassment do not know how to intervene

A campaign against street violence named Stand Up will be held today and tomorrow under the dome of Sofia's Largo, said the Regional History Museum – Sofia. It turns out that over 80% of women worldwide have experienced some form of street..

published on 11/29/24 6:05 AM

Mural marking 20th anniversary of Bulgaria's NATO accession to be unveiled in Pernik

A mural dedicated to the 20th anniversary of Bulgaria's NATO accession will be unveiled today in Pernik. The event will be attended by the ambassadors of Great Britain, Turkey and Montenegro, Deputy Foreign Minister Nevyana Miteva, Pernik Regional..

published on 11/29/24 5:15 AM

Sharp change in the weather expected on Friday

On Friday, cloudy weather will prevail over the country. The wind will be oriented from the northwest, will strengthen and in the Danube Plain its speed will reach 10-15 m/s. With it, cold air will invade the country and temperatures will drop and by..

published on 11/28/24 7:45 PM